Description
We are pleased to present for sale the New Hampshire Villas, a 12-unit apartment complex located at 1145 S New Hampshire Avenue in Los Angeles, California. Situated in the lively Pico-Union, this asset offers investors a near turnkey opportunity with strong rental upside potential.Originally built in 1929 and remodeled in 2018, the property is situated on a 5,399-square-foot lot with 6,710 square feet of rentable area. The unit mix includes eight studio/one-bath units and four one-bedroom/one-bath units, all featuring high-end finishes, stainless steel appliances, and modern interiors. The property has been thoughtfully maintained by current ownership and is complete with updated flooring, tiles, countertops, and a new roof that was installed in 2017. With a Walk Score of 94, tenants enjoy unparalleled access to restaurants, bars, shopping, and public transit options, making it a highly desirable location for renters seeking convenience and lifestyle appeal. The property is individually metered for gas and electricity, with separate water heaters for each unit, ensuring efficient operational management. This offering presents a rare chance to acquire a stabilized, well-maintained asset with the opportunity to increase income over time in one of Los Angeles' most sought-after rental submarkets.
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8BEDS
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0.13ACRES
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0BATHS
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01/2 BATHS
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6,710SQFT
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$357$/SQFT
School Ratings & Info
Description
We are pleased to present for sale the New Hampshire Villas, a 12-unit apartment complex located at 1145 S New Hampshire Avenue in Los Angeles, California. Situated in the lively Pico-Union, this asset offers investors a near turnkey opportunity with strong rental upside potential.Originally built in 1929 and remodeled in 2018, the property is situated on a 5,399-square-foot lot with 6,710 square feet of rentable area. The unit mix includes eight studio/one-bath units and four one-bedroom/one-bath units, all featuring high-end finishes, stainless steel appliances, and modern interiors. The property has been thoughtfully maintained by current ownership and is complete with updated flooring, tiles, countertops, and a new roof that was installed in 2017. With a Walk Score of 94, tenants enjoy unparalleled access to restaurants, bars, shopping, and public transit options, making it a highly desirable location for renters seeking convenience and lifestyle appeal. The property is individually metered for gas and electricity, with separate water heaters for each unit, ensuring efficient operational management. This offering presents a rare chance to acquire a stabilized, well-maintained asset with the opportunity to increase income over time in one of Los Angeles' most sought-after rental submarkets.
Based on information from California Regional Multiple Listing Service, Inc. as of 2025-03-15T23:27:21.48. This information is for your personal, non-commercial use and may not be used for any purpose other than to identify prospective properties you may be interested in purchasing. Display of MLS data is deemed reliable but is not guaranteed accurate by the MLS or Robyn Graham & Associates | Keller Williams. Licensed in the State of California, USA.